Friday, October 30, 2009

Oct 30 2009

Just as we thought, yesterday's strength turned out to be just a bounce. All trades worked well today, with beautiful QID setup which was explained in details starting at 11:00.

Session Time: Fri Oct 30 00:00:00 2009

[03:55] {KSystems} morning
[08:10] {Threei} US) Preview: Sept Personal Income and Personal Spending due at 8:30am
[08:11] {Threei} US) Preview: Sept PCE Core M/M, PCE Core Y/Y and PCE Deflator Y/Y due at 8:30am
[08:11] {Threei} US) Preview: Q3 Employment Cost Index expected at 8:30am
[08:11] {Threei} - consensus expectations at 0.4% v 0.4%
[08:30] {Threei} US) Q3 EMPLOYMENT COST INDEX: 0.4% V 0.4%E
[08:30] {Threei} US) SEPT PCE CORE M/M: 0.1% V 0.2%E; PCE CORE Y/Y: 1.3% V 1.3%E; PCE DEFLATOR Y/Y: -0.5% V -0.5%E
[08:37] {_Les__} Bonjour Messieurs et Madames ;)
[08:39] {Raven} interesting
[08:39] {Threei} good morning
[08:39] {Raven} T:)
[08:39] {Threei} R :)
[08:47] {_Les__} Didn't get to ask yesterday Vad. HGSI. U said trailing to .35, so effectively trailing for 1 point's movement. You saw trending good for potentially one point's movement. How?
[08:47] {Threei} huh?
[08:47] {Threei} original stop was under .30
[08:47] {_Les__} Just before system crash
[08:47] {Threei} trailing to under .35 is 5 cents
[08:47] {_Les__} Ah, that was it?
[08:48] {Threei} OK... I don't think we are on the same page
[08:48] {Threei} what does stop trailing have to do with target?
[08:49] {Threei} stop controls risk,
[08:49] {_Les__} I was watching it push through $20.35, from $19.30 (or something like that). Given lack of talk following this call, I thought U were trailing for a full point
[08:49] {Threei} at some point HGSI made a new low of the range solid enough to tighten risk
[08:50] {Threei} so that was a call for riske decrease
[08:50] {Threei} which has no correlation with target
[08:50] {Threei} so I am not sure what to make of the question framed this way
[08:51] {_Les__} sorry looking thru yesterday's blog for trade
[08:51] {Threei} I just don't want any misunderstanding about the meaning of the call and comments
[08:52] {Threei} any of those will lead to incorrect action
[08:57] {_Les__} My fault. I reviewed the log. I was cut out of further blog feed after your call "let's trail .35). When you said at 10:19 HGSI worth a try @ .41, I thought you wanted to trail to $20.35. I was impressed by your powers of prescience!
[08:58] {_Les__} HGSI topped out @ $20.33 @ 11:10. I realise now that I was no longer in the chat room
[08:58] {Threei} Les... I don't think you understand the call correctly
[08:58] {Threei} When you said at 10:19 HGSI worth a try @ .41, I thought you wanted to trail to $20.35.
[08:58] {Threei} this doesn't make sense to me
[08:59] {Threei} "worth a try at .41" - means entry
[08:59] {_Les__} that i understand
[08:59] {Threei} how does it correspond with " I thought you wanted to trail to $20.35"?? :)
[08:59] {_Les__} then you said "let's trail HGSI to .35"
[09:00] {Threei} trail refers to a stop
[09:00] {Threei} trailing stop
[09:00] {_Les__} so entry at .41. Immediately enter a trailing stop at .35. That was the call was it
[09:00] {Threei} no
[09:00] {Threei} entry at .41,
[09:00] {Threei} original stop under .30
[09:01] {Threei} [10:19] {Threei} HGSI worth a try
[09:01] {Threei} [10:19] {Threei} .41
[09:01] {Threei} [10:19] {Threei} stop under .30
[09:02] {_Les__} [10:25] {Threei} let's trail HGSI to .35
[09:02] {Threei} that's follow up 6 mionutes later
[09:02] {_Les__} so means what?
[09:02] {_Les__} .5 cent scalp?
[09:02] {Threei} [10:19] {Threei} HGSI worth a try
[09:02] {Threei} [10:19] {Threei} .41
[09:02] {Threei} [10:19] {Threei} stop under .30
[09:03] {Threei} [10:24] {Threei} market sharp drop
[09:03] {Threei} [10:25] {Threei} let's trail HGSI to .35
[09:03] {Threei} ??
[09:03] {Threei} Les... how does stop trailing translates into target??
[09:03] {lasertrev} morning
[09:03] {Threei} terv :)
[09:03] {Threei} it means trail THE STOP
[09:03] {Threei} not the exit
[09:04] {Threei} explain your thinking because I don't understand what it is that confuses you
[09:04] {Threei} stop is exit on LOSING side
[09:04] {Threei} if a trade moves against you
[09:05] {Threei} you enter long at .41,
[09:05] {Threei} your stop is under .30
[09:05] {Threei} Stock moves in your favor,
[09:05] {_Les__} you were tightening your stop?
[09:05] {Threei} at some point you are tightening the sdstop by trailing it
[09:06] {Threei} By no means this means changing the target
[09:06] {_Les__} ok. So "trail" means trailing stop. Thought you wanted to "trail" HGSI, i.e., follow it for a moment
[09:07] {_Les__} But as I said before. My blog feed was cut off at this point, so I didn't see this: [10:26] {fernp} out HGSI +.09, thanks strider, vad
[09:07] {Threei} YRCW
[09:07] {Threei} YRC Worldwide, Inc. Reports Q3 -$2.67(incl items) v -$1.70e, R$1.3B v $1.4Be; confirms in active noteholder discussions
[09:07] {Threei} - EPS included a net gain on property disposals of $.18 per share, severance charges of $.08 per share due to further headcount reductions and lease termination charges of $.11 per share related to further optimizing the networks.
[09:07] {Threei} - Been in active dialogue with noteholders, good progress made
[09:07] {_Les__} the system crashed and I didn't try to reenter. But thanks for clarifying your vocab.
[09:08] {Threei} you can always review the log after hours
[09:08] {_Les__} my bad
[09:08] {ese} well ...good anybody going to talk to me today huuuuuuuuh?
[09:09] {Threei} hmmm
[09:09] {Threei} ok... good morning ese!
[09:09] {_Les__} gm ese
[09:09] {strider} gm ese.
[09:09] {ese} morning all
[09:09] {ese} i was talking to myself yesterday for about an hour maybe longer on the board
[09:09] {ese} gave up
[09:10] {_Les__} well 3i doesn't understand me when i speak so i shall be quiet
[09:10] {strider} did you learn anything, ese?
[09:10] {Threei} lol
[09:11] {Threei} Les don't let it confuse you - I don't understand anyone
[09:11] {ese} don't know......were there problems with the chat room?
[09:11] {Threei} with mibbit ese
[09:11] {Threei} those connected through mirc were fine
[09:11] {ese} that s what i'm on.....
[09:11] {Threei} but mibbit went down for couple hours
[09:11] {ese} ahhhhhh haaaaa!
[09:12] {strider} pobrecito!
[09:12] {ese} so i'm still welcome? Thought there was a conspiracy going on
[09:12] {_Les__} I understand there's no such thing as a stupid question, only stupid people but...
[09:12] {ese} and that nemo was leading it
[09:13] {_Les__} If I theoretically touched that pretty house next to KSystems icon, could I crash the blog?
[09:14] {strider} there goes YRCW
[09:14] {Threei} Ford Motor Co Reportedly another plant (Michigan) rejects concessions by 75%
[09:14] {Threei} - Plant in Saline, Michigan voted the deal down 10/29
[09:14] {Threei} **Reminder: On 10/29 Ohio UAW transmission plant workers voted against concessions; vote 75% against
[09:14] {Threei} Wilbur Ross: commercial real estate on verge of huge crash- radio interview (related XHB )
[09:14] {Threei} oh great
[09:15] {Threei} BLTXX Baltic Dry Bulk 1% (2nd straight gain)
[09:15] {_Les__} yet F still at 7?
[09:15] {nemo} what was I leading...dude?
[09:15] {Threei} BLTXX Baltic Dry Bulk rises aprox 3% (2nd straight gain)
[09:16] {ese} the conspiracy not to talk to me on the board yestereday
[09:16] {Threei} give it up nemo, ese figured you out
[09:16] {ese} i was alone for about an hour and a i gave up
[09:16] {nemo} Is this one of your "I'm not paranoid, and anyone who thinks I am is out to get me" moments
[09:16] {ese} made a successful trade and called it quits
[09:17] {strider} There's a lesson here. Use mIRC?
[09:17] {ese} ahhhhhhh welllllllllll......i was thinking that i heard that
[09:18] {nemo} anything on watch Vad?
[09:21] {Threei} HIG...
[09:21] {Threei} JNPR
[09:22] {ese} baltic dry index should be on watch.....only a matter of time for those companies
[09:22] {ese} alex, egle, drys
[09:22] {ese} exm
[09:22] {ese} free
[09:22] {ese} gnk
[09:22] {ese} hrz,kex nm prgn
[09:22] {ese} ssw tbsi
[09:23] {dino} gm all
[09:23] {Threei} dino :)
[09:23] {ese} dino
[09:24] {Threei} fairly quiet market so far
[09:24] {Threei} not much to hang our hat on
[09:24] {Threei} let's not be in a rush
[09:24] {nemo} yeah...that's what it feels like
[09:24] {cosmo} yea...give it a couple of minutes...
[09:25] {Threei} lol
[09:25] {fernp} Good morning everybody
[09:25] {cosmo} :)
[09:25] {nemo} at least until 9:33
[09:25] {Threei} fern :)
[09:25] {dino} nvtl still beat up
[09:25] {ese} fern
[09:25] {strider} morning everyone
[09:25] {Threei} strider :)
[09:25] {strider} eye of three:)
[09:25] {ese} ST!
[09:25] {dino} aixg
[09:27] {strider} wierd one, aixg
[09:27] {Threei} did I just hear this for real
[09:27] {strider} Aixtron upgraded by JP Morgan
[09:28] {ese} hear what
[09:28] {Threei} new health care bill requires insurance companies to keep KIDS insured under parents coverage until they are 27!
[09:28] {Threei} kids??? 27???
[09:28] {ese} huh.....
[09:28] {nemo} oops...gotta' get my pacifier
[09:29] {Threei} something about this world I completely am unable to underatsnad
[09:29] {nemo} it's this country
[09:29] {dino} its a plan, if the next generation never has to grow up, the politicians win
[09:29] {Threei} grab one for me too nemo, and make sure it's properly soaked in scotch please
[09:29] {ese} same up here
[09:30] {Threei} ok.... gong
[09:31] {Threei} Preview: Oct Chicago Puchasing Managers Index due out at 9:45amET
[09:31] {Threei} **consensus expectation: 49.0e v 46.1 prior
[09:31] {Threei} - estimates range between 47 and 52.5
[09:31] {Threei} PLCM lost its mind
[09:31] {ese} TSRA dino
[09:31] {dino} played last night
[09:31] {ese} short
[09:32] {dino} y
[09:32] {ese} nice.....MSTR
[09:32] {ese} up 11pts
[09:32] {dino} strider called me a vampire
[09:32] {dino} :)
[09:32] {Threei} Long Setup: HIG .20 break if stays above .10
[09:33] {strider} I merely asked. Politely
[09:33] {dino} lol
[09:33] {ese} in
[09:35] {ese} out .29
[09:35] {ese} in .21
[09:35] {fernp} have to say "ty Vad". in .21 out .29
[09:36] {strider} oops. slippage
[09:36] {fernp} JNPR holding
[09:39] {Threei} Long Setup: CAT 57 break
[09:39] {Threei} grrr
[09:39] {Threei} too late?
[09:39] {fernp} missed
[09:39] {Threei} no chasing
[09:39] {nemo} yeah
[09:40] {strider} in
[09:40] {Threei} what price?
[09:40] {strider} 57
[09:40] {nemo} bastid
[09:40] {nemo} what
[09:40] {Threei} market drops fast
[09:40] {nemo} wht's the stop...90
[09:41] {Threei} it hit 1:1 before you even rported in, lol
[09:41] {Threei} take scalp
[09:41] {strider} out flat..
[09:41] {Threei} we have numbers in 4 min
[09:42] {dino} shaw gap fill from wed close
[09:42] {Threei} good job on entry strider but misseed exit
[09:42] {strider} futs scared me.
[09:42] {Threei} yes, but it hit .15 before futs drop
[09:42] {Threei} wtf is this
[09:42] {Threei} lol
[09:43] {fernp} don't look at CAT strider
[09:43] {Threei} seriously, what just happened?
[09:43] {strider} no t&S
[09:43] {dino} ndx green
[09:43] {Threei} 20 points jump NQ
[09:43] {strider} scerw it
[09:43] {nemo} good report
[09:43] {strider} screw
[09:43] {Threei} what report
[09:44] {nemo} the numbers in a couple of minutes
[09:44] {Threei} PMI?
[09:44] {nemo} whatever you said was coming
[09:44] {Threei} never saw it having such huge influence
[09:45] {nemo} told ya"
[09:45] {ese} i think my quotes are wrong where fitb
[09:45] {Threei} 9.17
[09:45] {ese} tks
[09:45] {nemo} see if we get sell the news
[09:46] {_Les__} good move exiting flat on CAT. Dropping .70 in such a fashion would have been nasty.
[09:46] {KSystems} michigan sentiment in 10 mins
[09:47] {_Les__} qcom
[09:48] {_Les__} sorry wrong screen
[09:48] {nemo} don't do it again...:)
[09:49] {_Les__} GILD bottoming out Vad?
[09:49] {Threei} not sure I like it
[09:50] {Threei} risk is relatively small, can try
[09:50] {Threei} 43 break
[09:50] {fernp} numbers in 5
[09:50] {Threei} consumer confidence
[09:51] {nemo} kinda' got a sell the news off that last spike
[09:51] {Threei} yup
[09:51] {Threei} Preview: Oct Final University of Michigan Confidence due out at 9:55amET
[09:51] {Threei} **consensus expectation: 70.0e v 69.4 prior
[09:51] {nemo} Having said that a retracement of yesteray, makes sense to. We've had 12%
[09:54] {Threei} let's wait this set of numbers and see if we get short play on NASDAQ
[09:54] {Threei} by going long QID
[09:55] {Threei} good number
[09:55] {Threei} perfect setup if market reverses and hits low
[09:56] {Threei} pullback is too deep for a breakout play
[09:56] {Threei} rather try to catch reversal, IMO
[09:57] {Threei} 22.90 QID's low for stop placement
[09:57] {Threei} ideally, dive under 23,
[09:57] {Threei} no
[09:57] {Threei} ok, no clear entry yet
[09:59] {Threei} 09:58:39 ADMIN7 --} (All): NYSE issues streetwide - causing data problems
[09:59] {dino} seeing it
[10:00] {ese} L fitb .11
[10:00] {ese} don't try this at home
[10:00] {dino} ash
[10:01] {dino} .72 sm l
[10:01] {Threei} ok, QID 23 recross long if holding above .90
[10:02] {strider} recross what?
[10:02] {ese} out fitb .17 +.06
[10:02] {Threei} 23
[10:04] {Threei} a bit too sharp into resistance
[10:06] {Threei} ok, valid
[10:06] {Threei} Long Setup: QID 23 break if holding above .90
[10:07] {dino} esi
[10:07] {dino} missed
[10:08] {dino} good girl ash
[10:08] {ese} dino i'm thinkin 23 break on tsra
[10:09] {ese} i'll say
[10:09] {dino} ? long to 23?
[10:09] {dino} 22.50s
[10:09] {ese} break above 23
[10:09] {ese} 23.01
[10:09] {dino} ahh ok
[10:10] {ese} ahh hang on .75 may work
[10:11] {nemo} hurry up and wait market
[10:12] {Threei} after this QID play resolves one way or another, someone will have to tell me what setup I tried to play on it
[10:13] {nemo} DB
[10:13] {dino} stepping back
[10:13] {dino} we call that the all dayer vad
[10:13] {Threei} not a scalp for me
[10:13] {dino} es whats' your entry on tsra?
[10:14] {ese} nothing yet
[10:14] {dino} ok
[10:14] {ese} am now thinking L at .75
[10:15] {dino} watching trv, shaw, pru, rovi, mrvl here
[10:15] {ese} has to hold .50 though
[10:15] {dino} no go
[10:15] {ese} tsra now invalidated for me
[10:15] {dino} double bottom in making maybe on it
[10:16] {dino} cut ash .02 +.30
[10:16] {ese} nice one on ash
[10:17] {dino} ty
[10:18] {ese} looks like it could still go though
[10:18] {ese} thats a very very nice lookin bull flag
[10:19] {Threei} okay market... time to die
[10:19] {Threei} you fought well
[10:19] {dino} mkt got me out, not fighting it
[10:19] {strider} will you partial at 1:1 vad?
[10:19] {Threei} sure
[10:19] {Threei} or if it spikes through fast, a bit higher
[10:19] {Threei} sometimes QID does that
[10:20] {dino} shaw has gap around 25.80. yahoo states 25 in cash/share fwiw
[10:21] {ese} dino i've put a bstop in on ash at .11 small
[10:22] {dino} wow, idiot move, looking at acct dropping wondering why, i have all l from before vacation
[10:22] {ese} i like the way it's holding up
[10:23] {dino} ok
[10:23] {ese} is that the right symbol?
[10:24] {dino} allstate i was dumbass about
[10:24] {ese} ahhhhh it's just your acount .....dumb dumb dumb es
[10:25] {dino} have to start using postits, :)
[10:25] {dino} esi
[10:28] {strider} may be all day
[10:28] {fernp} stop still under .90, Vad?
[10:28] {dino} esi sm l .65 wide = pulp
[10:28] {Threei} it touched so close to 1:1 that can be trailed to under .95
[10:28] {Threei} kind of personal decision
[10:28] {fernp} thanks
[10:29] {Threei} chart allows for either
[10:29] {ese} ouch
[10:29] {ese} ok l esi .71
[10:29] {dino} ash sm l .01
[10:29] {ese} sm
[10:30] {ese} out esi .81
[10:30] {ese} +.10
[10:30] {dino} gj, i want a buck
[10:31] {Threei} feeling especially humble today dino?
[10:31] {dino} but of course
[10:31] {fernp} ty Vad
[10:31] {Threei} QID 1:1
[10:31] {Threei} half out, stop to under .95
[10:31] {ese} L ash .11 hit my bstop
[10:32] {Threei} don't go anywhere folks, this setup is something I want to discuss
[10:32] {ese} i'm just a small numbers guy dino
[10:32] {Threei} it's not your garden variety setup,
[10:32] {Threei} we rarely play that
[10:32] {ese} found my nich.......good enough for me
[10:33] {Threei} Market Internals update at 10:30amET
[10:33] {Threei} - NYSE volume 225M shares, about 20% below its three-month average; decliners lead advancers by 5.3:1.
[10:33] {Threei} - NASDAQ volume 435M shares, about 23% below its three-month average; decliners lead advancers by 2.3:1.
[10:33] {Threei} - VIX index +3.3 to just over 25.50
[10:33] {ese} come on ash
[10:33] {Threei} CARBX Senator Nelson on CNBC states Cap & Trade will not pass Congress this session (Update)
[10:34] {ese} it's holding up amazing against the market
[10:34] {Threei} really} there is some piece of idiocy they do not intend to push through in a hurry?
[10:34] {ese} there she blows
[10:34] {dino} pcln breaking 50 sma
[10:35] {dino} tsra
[10:35] {ese} auch du miya.....ash
[10:35] {Threei} QID stop to under 23
[10:37] {dino} sm l ..05 tsra stop lod
[10:37] {strider} Vad when you buy on break of 23, e.g. 23.01, do you consider 1;1 at 23.10 or 23.11?
[10:37] {Threei} .10
[10:38] {ese} dino wheres your stop on ash
[10:38] {Threei} .11 would be exact number, but this is not a business of exact numbers
[10:38] {Threei} things have some slack
[10:38] {Threei} and since I prefer to err on a safe side...
[10:39] {dino} .73
[10:39] {ese} tks
[10:42] {dino} watching mrvl for gap fill arouind .75
[10:44] {ese} L fitb .0964
[10:44] {ese} accounting accuracy
[10:45] {nemo} just like doing it
[10:45] {Threei} next portion 1 cent shy of 1:2?
[10:45] {Threei} lol
[10:46] {ese} lol
[10:47] {ese} out ash by the way .08 -.03 was driving me nuts ....don't know how dino puts up with it
[10:48] {strider} going into a range here, vad?
[10:49] {ese} hmmmm was up 600.00 in fitb....should have taken it.....less typing more trading
[10:49] {dino} stupid greed had .40 on tsra
[10:50] {dino} smaller size plays es
[10:50] {dino} hard stop it and let it trade
[10:52] {ese} ya i only had 500shs going there
[10:53] {dino} there you go, throw hard stop on and "no worries"
[10:53] {ese} speaking of greek......or is that greed. shoulda taken the 600 in fitb
[10:53] {dino} saw that
[10:54] {Threei} okay guys, quiet period,
[10:54] {Threei} so let's do two things
[10:54] {nemo} are we back to the opposable thumb conversation
[10:54] {Threei} first, for your visual pleasure, some fall photos
[10:54] {Threei}
[10:55] {ese} whadaya mean quite..........i'm screaming GO FITB GO!!!!!! it's deafining on this side
[10:55] {Threei} lol
[10:56] {nemo} beautiful area
[10:56] {dino} and i'm kicking esi
[10:57] {_Les__} you're a hopeless romantic Vad :). Europe is visually stunning too right now.
[10:57] {dino} old joke, use european in sentance
[10:58] {Threei} romantic eh... this is something I hear once a decade
[10:58] {_Les__} what, from your wife or your students?
[10:58] {ese} gripping chair.....finger marks in upostery.......face turning red........absolute eminating from body motions
[10:58] {ese} terror eminating
[10:58] {dino} "excuse me, euro-peeing in my car"
[10:59] {ese} ahhhh i'm up.....thinks are fine now
[10:59] {ese} things
[10:59] {dino} cmi drop
[10:59] {dino} 4 bucks
[11:00] {Threei} okay, let's get back to that chart
[11:00] {Threei} but instead of QID look at whatever you use for NASDAQ
[11:00] {Threei} NQ, QQQQ
[11:01] {Threei} long call on QID is a short call on NASDAQ,
[11:01] {Threei} and looking at NASDAQ chart,
[11:01] {Threei} see the C&H on 1 min?
[11:01] {Threei} from 9:43 to 10:12
[11:02] {dino} esi vad
[11:02] {dino} getting close
[11:03] {Threei} anyone's alive or\ I am talking to myself?
[11:03] {fernp} I see the C&H, the one that never broke .15
[11:03] {_Les__} Vad, handle is small ascending triangle 10:03 - 10:12?
[11:03] {strider} I' m listening
[11:03] {nemo} yeah.
[11:03] {Threei} yes
[11:03] {Threei} short call on this chart is FAILURE of the C&H
[11:04] {Threei} failutre of this setup is break of the handle's low
[11:04] {Threei} and failure of the setup is a setup too
[11:04] {Threei} now, C&H is sometimes easier to see than inverse one
[11:04] {ese} lovely ...i'm up 3.49 cents
[11:04] {Threei} that's why I suggested to look at NASDAQ instead of QID
[11:05] {Threei} going back to QID, you can see invsrted C&H,
[11:05] {Threei} with handle "bottom" being broken at 23
[11:06] {Threei} to polish the setup, have a look at volume formation:
[11:06] {Threei} volume on second rise to the rim is lower than on first,
[11:07] {Threei} there is some volume increase to the bottom of the cup,
[11:07] {Threei} handle touches the rim on ever-decreasing volume
[11:07] {Threei} Just wanted to go over this since it's not every day's setup and is a tad more sophisticated than most
[11:07] {ese} hmmm would have never seen that vad
[11:08] {ese} agreed
[11:08] {Threei} Original idea comes from my strong convition that we are seeing simple bounce
[11:08] {Threei} so I was on a lookout for some fake raly attempt
[11:08] {Threei} that wouyld fool bulls
[11:08] {dino} stop esi .43, +.78
[11:08] {nemo} qid popping as you write
[11:09] {Threei} and failure of some of traditional setups is just perfect
[11:09] {ese} and so is ash......nice one dino
[11:09] {dino} ash to flat
[11:09] {dino} lucky, but thx
[11:10] {dino} ash reminds me of woodpecker joke
[11:10] {ese} ?
[11:11] {nemo} dino on a roll today
[11:11] {ese} yes he is
[11:11] {ese} joke?
[11:11] {dino} woodpecker says to his depressed woodpecker buddy, "you know what you need, a nice piece of ash"
[11:11] {_Les__} Vad, was volume key to failure?
[11:12] {ese} riiiiiiiiiiiiight
[11:12] {Raven} sigh
[11:13] {Threei} one of pieces to the mosaic
[11:14] {ese} well.........i guess the joke could have been a raven
[11:14] {nemo} nah
[11:15] {ese} ya......your right
[11:15] {dino} lol
[11:15] {Threei} now QID itself forms C&H
[11:15] {dino} thats what you hearwhen you have logger friends
[11:16] {dino} esi holds well
[11:16] {ese} was just looking at that.....almost same pattern as ash
[11:17] {ese} was thinking long at .60
[11:18] {dino} cmi strange, they luved it now hate it. beat and raised
[11:18] {ese} how long will you let ash trade dino
[11:18] {ese} you got a target
[11:18] {dino} all day unless stop hits
[11:18] {dino} 35
[11:19] {ese} fitb puts in higher low
[11:19] {dino} damn distracted cmi goes .550
[11:19] {ese} this is longer than i would normally hold this.....but it's holding up well as well
[11:19] {dino} w/o me
[11:20] {ese} higher low on the 1 min chart by the way
[11:24] {dino} cmi weaiting at .50
[11:24] {dino} waiting
[11:24] {ese} this is almost funny except for the fact that this is a serious business being up 3.49cents with the # of k's i have riding on this
[11:24] {strider} out 2nd part QID
[11:24] {Threei} QID 1:2, 1/4 more out
[11:24] {fernp} Vad, what is there in the third pic? is a flower, an insect?
[11:24] {dino} gj
[11:25] {dino} ash out flat
[11:25] {Threei} a berry
[11:25] {strider} Vad does it make sense to hold a little QID for serious market tanking?
[11:25] {Threei} one you get after wild rose bloom is over
[11:25] {dino} tsra to .99
[11:25] {Threei} [11:24] {Threei} QID 1:2, 1/4 more out
[11:25] {Threei} this is what I do
[11:26] {Threei} HGSI ignores market
[11:26] {_Les__} berry is called a rose hip -
[11:27] {strider} So you hold part of the last 1/4?
[11:27] {Threei} that's it, thank you
[11:27] {Threei} holding last 1/4
[11:27] {strider} k
[11:27] {Threei} what's the deal with no one understanding what I say last couple days... did my English get worse?
[11:28] {Threei} nah, can't be, it was rock bottom as it was
[11:28] {ese} ddaaaaaaaaaaa!!! get up there fitb
[11:28] {strider} I was wondering if you sometimes hold part of the last 1/4 for more than 3:1
[11:30] {_Les__} Isn't Lari supposed to be policing your english? she been MIA since I signed on..
[11:30] {Threei} depends on origional number of shares
[11:30] {ese} larisa...hmmmmmm good question
[11:31] {Threei} if it's not a lot, I maay just hold last 1/4 andf trail the stop
[11:31] {Threei} if a lot, may partial more
[11:31] {dino} who are you the cat in the hat
[11:34] {dino} cmi sm l .00
[11:35] {dino} stop is .67
[11:35] {Threei} 1:3
[11:35] {Threei} make your decision, to exit in full or to trail to under .10
[11:35] {dino} tsra stopped -.06
[11:37] {dino} stopped cmi, mkt got me
[11:37] {Threei} 1:4
[11:37] {Threei} if trailing, stop to under .20
[11:37] {Threei} I am out
[11:37] {strider} out last +.41
[11:38] {strider} thx Vad
[11:38] {Threei} +.44
[11:38] {Threei} was it a beauty or was it a beauty
[11:38] {dino} wtg
[11:38] {Threei} ty
[11:38] {strider} A good lesson in patience for me.......patience, are you there? :)
[11:39] {dino} gaps ndx 1682, s/p 1042
[11:39] {strider} 1 hr. 35 min. trade
[11:39] {Threei} speaking of phootgraphy... new lens on the way, ultrawide angle
[11:39] {Threei} whole new way to see the world
[11:39] {Threei} can't wait
[11:40] {strider} Ultrawide...isn't that a Harley?
[11:40] {Threei} no
[11:40] {_Les__} fish eye! like what 8mm, 16mm?
[11:40] {Threei} not fisheye
[11:41] {Threei} 9-18 mm... in 35mm terms. 18-36
[11:42] {nemo} apol holding today dino
[11:42] {Threei} anyone but strider took whole QID move?
[11:42] {dino} watching it for esi
[11:43] {Threei} 40 cents is darn nice one on a slow day
[11:43] {dino} wed gaps on stocks are filling
[11:43] {Threei} but the best part of this play is setup itself
[11:43] {strider} HIG?
[11:43] {dino} tsra rinsed
[11:43] {Threei} it's so evilishly sophisticated
[11:43] {Threei} HIG forms breakdown
[11:44] {_Les__} in 35 mm terms? U using large/medium format camera?
[11:44] {dino} ghoulishly for the season
[11:44] {Threei} no
[11:44] {Threei} just using 35 reference for unifying the terrms
[11:45] {Threei} with all the different crops of today's sensors, need something standard to make sure we speak of the same thing
[11:45] {Threei} Short Setup: HIG .50 break
[11:45] {Threei} if stays under .85
[11:45] {Threei} .65
[11:46] {strider} crap
[11:46] {nemo} looked at mirc
[11:46] {Threei} 1:1
[11:46] {strider} how'd you get that?
[11:47] {Threei} limit .47, hit when .50 started melting, got .48
[11:48] {nemo} hah
[11:48] {nemo} fcx did the straight 45 degree up yesterday, doing the opposite today
[11:49] {Threei} btwm last photo on that page is one of rare cases when I am totally hapy with everything, hit all I wanted just right
[11:49] {Threei} colors, composition
[11:49] {Threei} direction of the shade
[11:49] {Threei} I mean this one
[11:49] {Threei}
[11:52] {nemo} aapl crashed
[11:52] {_Les__} U like form and shape do you? so do i
[11:53] {Threei} whoa
[11:53] {Threei} QID 1:7
[11:53] {Threei} that's beyond what I expected
[11:54] {nemo} quite the retracement of yesterday
[11:54] {nemo} low volume though
[11:54] {Threei} almost all of it
[11:54] {_Les__} so this is bounce or post bounce reversal? The new trend in?
[11:54] {Threei} yeah, I whish we had more volume today
[11:54] {fernp} you still in QID, Vad?
[11:54] {Threei} would givbe me more confidence in downtrend continuation
[11:55] {Threei} no fern, sold .44
[11:55] {nemo} we also talked about the aggravating sideways grind that would piss off the most people
[11:55] {dino} ndx filled
[11:55] {Threei} I doubt it's an option for the next week
[11:56] {Threei} I feel we will have some resolution
[11:56] {Threei} too much tension in the air
[11:56] {Threei} if we make new low today, it will start smeling like a quick nasty crash
[11:58] {Threei} well well well
[11:58] {Threei} guess who is on TV
[11:58] {nemo} Emily Watson?
[11:59] {Threei} wow
[11:59] {Threei} getting deeper nemo
[11:59] {nemo} I switched back today
[11:59] {dino} tsra holds the bottom well es
[11:59] {Threei} good
[11:59] {Threei} you mean I can accept a scotch from you wihout being extracareful?
[11:59] {nemo} remember...Barney's my Congressman
[11:59] {dino} shaw july gap
[12:02] {dino} history channel, hallooween
[12:03] {strider} celts & druids?
[12:05] {dino} yes
[12:05] {nemo} when it on?
[12:05] {strider} AMZN dbl bottom
[12:05] {dino} better than cnbc
[12:05] {strider} whoops.
[12:05] {dino} now nemo
[12:05] {nemo} oh
[12:06] {dino} cmi sm l .75
[12:06] {dino} stop .43
[12:07] {strider} 7% in DC betw.40-49 have HIV/AIDS
[12:07] {dino} tsra sm l .00, stop lod
[12:08] {ese} out fitb .13 +.03 and a bit
[12:09] {ese} i'm takin my 600.00 and be done with it
[12:09] {dino} gj
[12:09] {Threei} yours eh
[12:09] {ese} tks
[12:09] {Threei} let me tell ya
[12:09] {Threei} a few seconds ago it was someone's 600
[12:10] {ese} definitely....was wondering what the H was going on there
[12:10] {strider} good trades dino
[12:10] {_Les__} hey, where's my money gone on fitb?? :P
[12:11] {Threei} lwet it be a lesson... do not trade against ese
[12:11] {_Les__} a sucker born every minute. I'm shimmying up the grease pole so I'm no longer bottom of the pile...
[12:11] {_Les__} learning to shimmy
[12:14] {strider} RIMM short?
[12:14] {fernp} out here FITB from. 9.06 :)
[12:14] {Threei} hard to tell
[12:14] {ese} nice one fern
[12:15] {fernp} ty
[12:15] {Threei} if market drops sharply and RIMM gives little delay, yes, I'd go for it
[12:15] {ese} it just exploded up there
[12:15] {Threei} otherwise, no
[12:15] {strider} thx
[12:15] {Threei} (US) SEC Staff: changes the price used for oil and gas reserves
[12:15] {Threei} huh?
[12:15] {Threei} what does it mean?
[12:16] {Threei} (US) SEC Staff: issues new accounting rules for oil and gas reserves, removes exclusions for oil sands and shale gas (related USO )
[12:16] {Threei} ok... more clear
[12:16] {Threei} Market Internals update at 12:00pmET
[12:16] {Threei} - NYSE volume 390M shares, about 20% below its three-month average; decliners lead advancers by 7.4:1.
[12:16] {Threei} - NASDAQ volume 875M shares, about 13% below its three-month average; decliners lead advancers by 2.8:1.
[12:16] {Threei} - VIX index +9% to just over 27.00
[12:17] {dino} rimm entering that big gap area 48--58
[12:18] {fernp} Why have I sold FITB at .17?
[12:19] {fernp} another sleepless night....
06[12:19] * strider slaps fernp around a bit with a large trout
[12:19] {Threei} lol
[12:19] {nemo} big bid on rimm @ .23
[12:19] {nemo} eh, nevermind
[12:19] {ese} because......theres more where that came from another day
[12:20] {ese} you can bet the pros are selling into that run fern so might as well be doing it as well
[12:20] {ese} you
[12:20] {fernp} yeah, was my 1:2
[12:21] {Threei} beautiful setup you found guys
[12:22] {Threei} (almost as good as my QID)
[12:22] {ese} once your out of the mind set of....damn look at how much more money i could have made your fine
[12:22] {fernp} almost
[12:23] {ese} thats maybe the biggest thing i had to learn here........and i lucked out today.....i know this tock but still
[12:23] {ese} first opportunity.....was gone
[12:26] {Threei} sharp markety drop took RIMM with it but without little delay for entery
[12:26] {dino} out cmi .04, +.29
[12:26] {nemo} nice spelyng
[12:26] {dino} out tsra .15, =.15
[12:26] {Threei} DJI -173
[12:26] {dino} +
[12:26] {Threei} was what, about +205 yesterday?
[12:27] {dino} 9762 was wed close
[12:28] {Threei} -200
[12:28] {ese} need rimm to get down to 48/50
[12:28] {Threei} beautiful
[12:28] {nemo} 199
[12:29] {ese} 58.13 and it's gone rimm
[12:30] {strider} ese, is DRYS where you want it?
[12:30] {Threei} GERN Reaches Agreement on Clinical Hold with FDA
[12:30] {Threei} -announced the companys plan to advance clinical development of its human embryonic stem cell (hESC)... (6.18, +0.41, 7.11%) more...
[12:30] {Threei} announced the companys plan to advance clinical development of its human embryonic stem cell (hESC)-based product, GRNOPC1, for the treatment of spinal cord injury. The plan is expected to enable Geron to re-initiate the Phase I clinical trial of GRNOPC1 in patients with complete thoracic spinal cord injury and to support future expansion of the trial to patients with cervical injuries.
[12:31] {ese} nope not yet
[12:31] {ese} but i've been dabbling on the way down
[12:31] {ese} just in case
[12:33] {ese} i'd like to see it around 5.50 although it may not get there
[12:34] {ese} was in and out with 20k yesterday for +.13
[12:35] {strider} How long have you been trading?
[12:35] {dino} es like 60 years
[12:35] {ese} not long enough with vad......had i met him 10 years ago it would be my full time occupation
[12:36] {Threei} yeah, I was handsome man back then
[12:36] {Threei} oh wait... that's not what you mean
[12:36] {_Les__} 20k ese. Risk management?
[12:36] {nemo} huh?
[12:36] {nemo} who's switch hitting today?
[12:36] {ese} 2% max any day
[12:37] {nemo} rimm coming into resistance
[12:38] {_Les__} ok. trying to work out profitable means of applying 10G, but obeying for 1st time Vad's law of risk management
[12:39] {dino} shaw sm l .60
[12:42] {Threei} Iraqi Immigrant on the Run, Accused of Running over His daughter Because he Thought She Was Too Westernized
[12:43] {nemo} yeah...saw that this morning
[12:43] {Threei} Just how screwed up one must be to do this?
[12:43] {dino} messed up
[12:43] {nemo} Sharia Law...they can kill their wives and daughters under certain circumstances
[12:43] {dino} they use religion to keep their people down
[12:44] {ese} there are numerous risk management ideas les.....for me i cut it off if i loose 500.00 in any one day
[12:44] {nemo} It's their code
[12:44] {strider} HIG forming c&h
[12:45] {dino} some day the wives and daughters will organize and give some back
[12:45] {strider} pointy
[12:45] {ese} even though my 2% is between 15k and 25k
[12:45] {nemo} only, maybe, if there here, but Islamic communities are growing...Hell, the Brits decided Sharia must be considered in legal cases
[12:46] {dino} you want to stop this nonsense, tax it.
[12:47] {strider} HIG vad?
[12:48] {dino} drop
[12:48] {_Les__} honour killings different from Sharia law
[12:48] {dino} breaking support
[12:48] {KSystems} next leg
[12:49] {nemo} my timing totally off today
[12:49] {ese} was that story from canada vad?
[12:49] {strider} missed againt
[12:49] {strider} again
[12:49] {nemo} Arizona I thinnk
[12:49] {dino} shaw out flat
[12:50] {ese} because we just had one from down east......where the son and the father drove daughters and cousins into a canal and drown them
[12:51] {_Les__} AIG looking for further b/d
[12:52] {strider} missed the trigger.
[12:53] {nemo} apol finally dropped
[12:54] {Threei} I am not sure what you were looking for in HIG strider
[12:54] {Threei} you said C&H
[12:54] {_Les__} oops. AIG found support
[12:54] {_Les__} and buying volume
[12:55] {strider} cup from 11:57 to 12:29
[12:55] {strider} support of 12.265
[12:55] {Threei} oh, you mean inverse c&h
[12:55] {strider} cup was pointe.
[12:55] {strider} well, yeeeeeeessssssss
[12:56] {Threei} As if it's understood by default, lol
[12:56] {strider} Coffee hadn't been poured yet.
[12:56] {strider} so solly
[12:56] {strider} It worked, too...but once again, I missed the boat.
[12:57] {strider} I've madee a lot of theoretical money today.
[12:58] {strider} Going to the theoretical bank later.
[12:58] {dino} lol
[12:59] {Threei} where is magoo
[12:59] {Threei} I got AIG play for him
[12:59] {Threei} double bottom off .50 is dives closer to it
[12:59] {dino} what do you think, b-day finish
[12:59] {dino} feels like it
[13:00] {strider} b-day?
[13:00] {dino} -317
[13:00] {ese} maybe he thinks you don't care know how sensitive he is
[13:01] {Threei} sensitive magoo?
[13:01] {Threei} now, that's image I need a hot iron to burn out of my mind
[13:01] {ese} lol
[13:02] {strider} where do you place a stop on the magoo dbl bottom, vad?
[13:02] {Threei} I am scared to answer that
[13:02] {Threei} Long Setup: AIG .60 break if stays above .50
[13:02] {dino} he took his son mx racing
[13:03] {nemo} what setup is this Vad? higher low
[13:03] {Threei} double bottom with higher low
[13:04] {Threei} not a scalp for me
[13:04] {Threei} 1:1
[13:04] {Threei} with any market help should be good for something above .90
[13:04] {dino} shaw again, sm l .50
[13:06] {strider} hey bk:)
[13:06] {bkhmd} hey Stride hey all
[13:06] {Threei} bk :)
[13:07] {Threei} missing good days
[13:07] {bkhmd} yes had to travel for work
[13:07] {bkhmd} today is good trading?
[13:07] {Threei} yup
[13:08] {bkhmd} wow what happened to the DOW? lol
[13:08] {fernp} missed AIG, Vad. valid entry if returns to .61?
[13:08] {strider} long shaw, .47
[13:08] {bkhmd} mostly short plays today or bounces?
[13:08] {Threei} not sure fern
[13:08] {Threei} both bk
[13:09] {Threei} short was the biggest
[13:09] {bkhmd} k i will grab the next set up
[13:09] {dino} eyes on esi
[13:10] {ese} fern.....theres the reason you did the right thing with fitb
[13:10] {Threei} CIT WSJ: Icahn will provide $1B back up line; will agree to standstill agreemenet (0.81, -0.14, -14.84%)
[13:11] {Threei} half out AIG
[13:11] {fernp} wow!, ty ese
[13:12] {ese} could be a brutal month november.....if the month goes out like this it's usually the pre curser for the next that correct?
[13:13] {Threei} no
[13:13] {dino} not this month, started 9 of 12 down from end of sept
[13:13] {dino} imo means nothing (yet)
[13:14] {ese} i'd read that somewhere...don't remember....
[13:14] {Threei} would be too easy
[13:14] {ese} althought reading 250 trading books made me no money until hooking up with you all
[13:14] {Threei} look at the last day of the month, go in that direction for the next 29 days
[13:15] {Threei} if such things worked...
[13:16] {dino} es 09-23-09- 9917, 1754, 1080; 10-02-09- 9484, 1662, 1019
[13:16] {dino} and cramer still talking how eom markups happening, not!
[13:17] {ese} went to Russells used books here a year ago and gave them 203 trading books in exchange for $125.00 credit.....that should tell you something
[13:18] {ese} kept the other 47 or so for historical reference
[13:19] {dino} trv sm l .50
[13:19] {ese} each of those books was easily over 50.00 average easilly........only have vads and one other on my trading desk now
[13:20] {dino} i still have 20
[13:20] {Threei} one other is Marx's Das Capital of course?
[13:20] {nemo} Das Kapital
[13:20] {ese} never read that one
[13:21] {nemo} I remember going to East Berlin before the Wall fell.
[13:21] {dino} or so. but the only ones that mattered, trading in the zone, vad's, and reminisses of stock operator
[13:21] {nemo} Bought an East German Economics text
[13:21] {Threei} ok... Decameron's Bocaccio then
[13:21] {nemo} First line: "Capitalism stinks, it's parasitic, and foul"
[13:22] {Threei} signed: Michael Moore
[13:22] {ese} i bought a book in Denmark......."how to drink heavily in 12 easy steps"
[13:22] {dino} and way of the turtles first half
[13:22] {_Les__} Nothing wrong with Marx's theory on Capital. He understood it well. Marx's "communist manifesto" has less oomph today
[13:23] {dino} whats wrong is assuming there is a better system
[13:23] {nemo} Mix human ego in with utopian thinking
[13:23] {Threei} yeah... as someone who actually lived in the country built on his ideas, I could list endless ways in which it was wrong :)
[13:24] {ese} agreed....thats why drinking your way through any system works well
[13:24] {_Les__} I don't confuse his understanding of capitalism and his theory of communism...
[13:24] {Threei} well, you can't separate them
[13:24] {Threei} his whole work is built on the contrast
[13:24] {Threei} this is what is wrong with capitalism, and this is how to fix it with communism
[13:25] {strider} AIG rinse
[13:25] {nemo} no rinse...just stopped
[13:25] {strider} multi-cycle rinse
[13:25] {Threei} to be precise, second half stopped breakeven
[13:26] {nemo} Now we have fasciscm run by a socialist President/Congress
[13:26] {Threei} first is out after 1:1
[13:26] {Threei} follow the routine guys
[13:26] {Threei} this is how we play them
[13:26] {Threei} never turn 1:1 play into loss
[13:26] {nemo} yes Vad...rinse is Dino's term for Vad's "rude"
[13:27] {Threei} it's still under
[13:27] {Threei} thus it's not a rinse and not rude
[13:27] {Threei} yet
[13:27] {nemo} I was commenting on the term
[13:27] {Threei} now... if it bottoms out here and goes to 35
[13:27] {Threei} that will be rude
[13:27] {nemo} that's rude
[13:27] {strider} dino you still in shaw?
[13:28] {dino} y
[13:29] {ese} Mabon Teenie Hodges said it best with a tune he co wrote with Al Green. called "Take Me Too The River" I don't why you treat me like you do.......with all of the changes that you put me though..You took my money and my cigarettes and i haven't hide nor hair of you yet.......I wanna know etc etc....Chorus....Take me to the River.....and wash me doown.......ou
[13:29] {ese} seen befor "hide"
[13:30] {nemo} took aig for a scalp under .40
[13:30] {nemo} +10
[13:30] {nemo} .10
[13:30] {nemo} 10 I'd go home
[13:30] {nemo} Vad, you haven't asked today?
[13:31] {strider} amgn big rude rinse
[13:31] {Threei} no
[13:32] {dino} shaw out +.05 trv out -.20 don't like drop
[13:32] {strider} amgn continues
[13:32] {strider} or not
[13:33] {fernp} Vad, when the trade is a "not a scalp for me" type :-). After hit 1:1, stop is raised to the entry point, or to a "tested" support level under our entry point?
[13:33] {fernp} you did that with QID this morning
[13:34] {Threei} fern, routine procedure:
[13:34] {Threei} 1:1, half out, stop to b/e
[13:34] {Threei} 1:2, 1/4 more out
[13:34] {bkhmd} Fern I have same question but didnt want t o get Fish on face
[13:34] {bkhmd} lol
[13:34] {dino} 400 pts has been normal pullback dji, we are there
[13:34] {fernp} ok. keep it simple
[13:35] {bkhmd} thanks for clarification
06[13:35] * nemo slaps bkhmd around a bit with a large trout
[13:35] {bkhmd} I learn someting new here every day
[13:35] {bkhmd} thanks nemo
[13:35] {bkhmd} First day on board i learn how to slap somoene in face with trout
[13:36] {fernp} FITB capitulating
[13:36] {bkhmd} second day i learned had to be here 3 years b4 I can slap
[13:36] {Threei} hmmm
[13:36] {dino} lol
[13:36] {Threei} who told ou that?
[13:36] {Threei} slap him right now
[13:36] {nemo} ahh...kinda' like Social Security...raising the age
[13:36] {bkhmd} 3rd day i learned People dont like caps in name
[13:36] {bkhmd} lo
06[13:36] * strider slaps bkhmd around a bit with a large trout
[13:37] {nemo} why did trout become the fish of choice?
[13:37] {bkhmd} smells better?
[13:37] {dino} trv sm l .10
[13:37] {nemo} you ever sniff trout?
[13:37] {bkhmd} of course ow else would i know if fresh?
[13:38] {dino} had them laying in hunt club driveway
[13:38] {dino} dam broke
[13:38] {bkhmd} my guess would be not so fresh
[13:38] {bkhmd} lol
[13:38] {bkhmd} GLD wanted to make a move but then stalled
[13:39] {bkhmd} does GLD usually travel against the general market?
[13:39] {Threei} no, not lately
[13:39] {Threei} mostly moves with market
[13:39] {Threei} and both move against USD
[13:39] {dino} cmi sm l .65
[13:40] {Threei} but I feel for a while they will decouple soon
[13:40] {dino} too soon
[13:40] {dino} gld contrary $ lately
[13:40] {bkhmd} Vad what are you using to track the dollar? compared to which currenc
[13:40] {bkhmd} currency
[13:40] {nemo} uup
[13:40] {Threei} UUP
[13:41] {dino} extrapolate, $ is contrary to gold and stocks lately
[13:41] {nemo} read your mind Vad...disgusting
[13:41] {Threei} I don;t care about other currenies... except CAD which I want to drop dead
[13:41] {Threei} that would be FXC
[13:41] {dino} tsra holds well here es
[13:42] {dino} darn shaw tricked me
[13:43] {nemo} might want to partial cmi here dino
[13:43] {strider} +.10 trv, thanks, dino
[13:44] {dino} np
[13:44] {dino} sm nemo, want .30-.55
[13:44] {dino} should get to .15
[13:44] {dino} pattern
[13:44] {nemo} greedy long on a day like today? call you magoo
[13:44] {dino} trv should get to .50
[13:45] {dino} big difference, i'm trading 300-400 only
[13:46] {strider} HIG forming yet another REVERSE c&h
[13:46] {dino} plus nemo, i use hard stops
[13:47] {dino} cmi to b/e
[13:48] {strider} looks fore like a dbl bottom, hig?
[13:48] {strider} more
[13:49] {fernp} HIG in lunchtime is not a god candidate IMHO
[13:49] {dino} almost 2:00 pm
[13:49] {nemo} he must be mountain time
[13:50] {fernp} yeah!!!, we moved back clocks last saturday
[13:50] {fernp} GMT+1
[13:50] {nemo} not as dumb as I look...
[13:51] {nemo} then again...nobody could be THAT dumb
[13:51] {nemo} Just call me "Agarn"
[13:51] {dino} rovi holds well
[13:51] {dino} intc too
[13:51] {dino} mrvl
[13:54] {fernp} FITB breakdown?
[13:54] {dino} out cmi .85
[13:55] {dino} +.20, sometimes i expect too much nemo
[13:55] {Threei} I am hesitatnt to continue playing short side fern
[13:55] {nemo} broken clock moment, dude
[13:55] {dino} lol
[13:55] {Threei} odds become increasingly worse
[13:56] {nemo} yeah, shorts are probably going to want to cover for the weekend
[13:56] {Threei} well, this logic I don't buy
[13:56] {fernp} yes i think so nemo
[13:56] {nemo} Why, they making good money today
[13:56] {Threei} yes... but
[13:56] {dino} pru gap close to filled
[13:57] {nemo} but...but...but...but...
[13:57] {Threei} to know what is more likely, shorts wanting to cover or longs wanting to get out
[13:57] {Threei} and which side will overpower the other
[13:57] {Threei} you need to know the disbalance
[13:58] {nemo} so flat for the rest of the day?
[13:58] {Threei} and if you or anyone can come up with the way to do that... Bill Gates will be your doorman
[13:58] {nemo} Let me get the chicken...
[13:58] {Threei} why flat?
[13:58] {Threei} my point is,
[13:58] {nemo} Where are those crystals?
[13:59] {Threei} whatever happens at the close,
[13:59] {Threei} the logic who is going to get out is not going to help you figure it out
[13:59] {Threei} It's false logic
[13:59] {Threei} it works only in one case:
[14:00] {Threei} when you have some strong reason to read the disbalance
[14:00] {Threei} as in:
[14:00] {Threei} longs piled up hugely,
[14:00] {Threei} there are way too many of them
[14:00] {Threei} or shorts leaned in too strongly
[14:00] {Threei} and it's not like this kind of things is obvious all the rtime
[14:00] {Threei} or even often
[14:01] {Threei} it's rare cases when you get clear read on such disbalance
[14:01] {Threei} otherwise calling reversals would be easy
[14:01] {Threei} see my point?
[14:01] {nemo} yes
[14:01] {dino} so nemo, in regards to the close or monday for that matter, you make me think of trading w/the zone, the only rule you need to get from the book, is this; "anything can happen"; therefore, no worries
[14:01] {fernp} shorted small shares FITB at .93 w/stop above .95, so I am not nervous with my position :)
[14:02] {Threei} lol fern
[14:02] {Threei} that's what I call extreme risk control
[14:02] {fernp} and easy 1:1 lol
[14:02] {Threei} rofl
[14:02] {fernp} just letting trade
[14:02] {nemo} probably cost you more to trade a share than the stop
[14:03] {ese} nnnnooooooooo can't recover.........auch du miya
[14:04] {nemo} I almost went short at .30 about 10 minutes ago, before Vad piped up...
[14:04] {dino} affy
[14:05] {Threei} on what nemo? RIMM?
[14:05] {nemo} yes
[14:05] {nemo} CMI rinse Dino
[14:06] {nemo} it peaked above S3 then dropped and came up again on lower volume and then dropped to .15
[14:06] {dino} well, made .20 on it, but i chickened out
[14:06] {fernp} stopped FITB. I've reached my maximun daily loss :-)
[14:06] {Threei} lol
[14:06] {Threei} some recovery in progress
[14:07] {Threei} Long Setup: AIG .25 brak
[14:07] {Threei} if stays above .15
[14:08] {ese} outta here for the weekend....take care all see you in november
[14:08] {Threei} take care ese
[14:08] {ese} see ya vad
[14:08] {fernp} bye ese
[14:08] {dino} cya es
[14:08] {ese} dino fern
[14:08] {bkhmd} later ese
[14:09] {Threei} invalidated
[14:10] {fernp} HIG 24.50 break?
[14:10] {nemo} market backing off
[14:11] {nemo} Rimm coming up on VWAP just @ .72, could be a turn
[14:11] {Threei} not sure about HIG
[14:11] {Threei} Market Internals update at 2:00pmET
[14:11] {Threei} - NYSE volume 720M shares, about 5% above its three-month average; decliners lead advancers by 14.2:1.
[14:11] {Threei} - NASDAQ volume 1.51B shares, about 4% above its three-month average; decliners lead advancers by 4.1:1.
[14:11] {Threei} - VIX index +24.5% to just under 31.00
[14:22] {nemo} apple forming .20 range
[14:29] {nemo} V C&H
[14:30] {Threei} if market establishes upward direction, could be a pretty one
[14:31] {nemo} see saw right now
[14:35] {Threei} this smackdown is perfect illustration of how setup turns into trap when played against the market
[14:36] {dino} rinse market
[14:36] {fernp} was thinking the same watching V
[14:46] {dino} pru sm l .50
[14:54] {patience} .
[14:54] {Threei} Long Setup: AIG .05 break
[14:54] {Threei} if stays above .90
[14:55] {dino} lol, howards simons on real $; white house trumpeting the saving of 650,000 jobs; by similar logic i am responsible for saving the virginity of 30 million women
[14:55] {fernp} lol
[14:55] {nemo} I would have thought more in your case Dino
[14:56] {Threei} I'll take responsibility to 30 mil more dino
[14:56] {nemo} saving it Vad, not despoiling
[14:56] {Threei} between two of us, we are good humanitarians
[14:56] {dino} :)
[14:57] {nemo} volatility thy name is AIG
[14:57] {Threei} yeah
[14:57] {fernp} invalidated, no?
[14:57] {Threei} some nervous jumps everywhere
[14:57] {nemo} evil "they" manipulating the stock
[14:57] {Threei} let's better try to catch pullback
[14:58] {Threei} break is way too dangerous
[14:58] {fernp} too random and friday... Have a nice weekend everybody. See you all on monday.
[14:58] {Threei} have a good one fern
[14:59] {Threei} I'll have to leave in 30 min too to catch that torch
[14:59] {bkhmd} later fern
[14:59] {nemo} oil down $3..must be supply/demand
[15:00] {strider} are we waiting to catch a pullback? If so where?
[15:01] {Threei} I'll tell if I see it
[15:01] {strider} :)
[15:02] {dino} cya fern
[15:04] {Threei} RIMM is not dropping with market
[15:05] {Threei} gave up now
[15:05] {Threei} shorts are not in hurry to cover eh?
[15:05] {Threei} -270
[15:06] {nemo} nope...thought you didn't believe in that?
[15:06] {Threei} how's that for a bounce smackdown
[15:06] {Threei} nemo, are you completely misreading what I say or what
[15:06] {Threei} what in this made you think I believbe in it now?
[15:12] {nemo} of course...
[15:14] {nemo} frickin rimm
[15:19] {Threei} nice bounce but didn't give clear setup worth the risk
[15:19] {nemo} no
[15:24] {ese} logged in to see what was going on.....had a class cancelled.
[15:25] {Threei} because of onlympic torch??
[15:25] {ese} hmmmm maybe
[15:27] {dino} not much es
[15:29] {dino} esi sm l .75
[15:32] {Threei} okay guys... honestly, don't want anymore trade in this nervous close, it's been somewhat exhausting week
[15:32] {Threei} I believe we handled it well
[15:32] {nemo} PPT should show up at any time
[15:32] {Threei} with some days hitting 100%,
[15:32] {nemo} you had a good week
[15:32] {Threei} and generally staying on winning side except of Monday I think
[15:33] {nemo} that was flat I think
[15:33] {Threei} unless my memory fails
[15:33] {Threei} yeah, last week we had couple losing days, you are right
[15:33] {Threei} going to try and catch that torch now,
[15:33] {strider} I would be doing OK, if I can just get my executions right.
[15:33] {Threei} you have youreselves a good relaxing weekend
[15:33] {dino} wtg vad
[15:33] {strider} Still flubbing things a bit.
[15:33] {dino} u2 bro
[15:33] {Threei} ask for help next week strider?
[15:33] {bkhmd} take care Vad thanks for the lesson
[15:34] {strider} yeah.
[15:34] {Threei} if there are questions we will answer them all
[15:34] {dino} have 3 to get rid ofyet
[15:34] {Threei} wow dino... don't lose track of time :)
[15:34] {strider} I think I know what to do...just get flustered sometimes on fast stocks.
[15:34] {Threei} see you all on Monday!
[15:34] {strider} See ya.
[15:34] {bkhmd} good weekend

Thursday, October 29, 2009

Oct 29 2009

That was not overly active but nicely profitable day. 5 calls, 5 wins - JNPR, CAT, FITB, HGSI, AMZN - everything danced just right. Market bounced just as yesterday's forecast had it.

Session Time: Thu Oct 29 00:00:00 2009

[07:26] {KSystems} Morning
[08:30] {Threei} Thursday, October 29, 2009 8:30:02 AM
[08:30] {Threei} *Q3 ADVANCED GDP PRICE INDEX: 0.8% V 1.4%E
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 530K V 525KE; CONTINUING CLAIMS: 5.797M V 5.905ME
[08:30] {Threei} *Q3 ADVANCED GDP PRICE INDEX: 0.8% V 1.4%E; CORE PCE Q/Q: 1.4% V 1.4%E
[08:34] {nemo} market seems to like that report
[08:35] {Threei} not sure why but market is simply ready for bounce... it would have liked anything
[08:35] {nemo} yes
[08:40] {Threei} (US) Fed's Tarullo: new capital liquidity rules will end "too big to fail" issue; considering quantitative liquidity standards
[08:40] {Threei} **Reminder: On 10/14 Tarullo said that banks face further risk of sizable credit losses, banking system remains fragile, loan qualifications are poor
[08:40] {strider} "the Great Recession is over." Party Time!
[08:40] {nemo} yeah...but what about all that "off-balance" sheet stuff?
[08:41] {nemo} crock of taurine excrement
[08:41] {Threei} why's HIG so happy?
06[08:41] * strider slaps nemo around a bit with a large trout
[08:41] {nemo} all "financial" institutions
[08:49] {strider} mIRC sure is a pita
[08:49] {Threei} hmm?
06[08:49] * nemo slaps strider around a bit with a large 2X4 with rusty nails
[08:49] {strider} Well, it's complicated. Never mind.
[08:50] {nemo} complicated as a hang-nail.
[08:50] {strider} Have to reboot computer when I switch ISPs.
[08:50] {strider} Because of mIRC}
[08:50] {strider} Won't reconnect without it.
[08:51] {Threei} shouldn't be this way
[08:51] {strider} I agree!
[08:51] {strider} Life is hard.
[08:51] {Threei} File - Recent Servers, click on top one
[08:51] {Threei} it should reconnect
[08:52] {strider} When I switch, I should log off IRC first. Always forget. So it still thinks strider is logged on, even after disconnect.
[08:53] {Threei} ahhha
06[08:53] * strider slaps strider around a bit with a large trout
[08:53] {nemo} use the 2X4
[08:53] {Threei} it's not mirc itself then, it's server that doesn't get right message
[08:53] {strider} I guess.
[08:54] {strider} I don't know where the 2 x 4 is, nemo. Just found the trout yesterday afternoon.
[08:54] {nemo} bottom of the same menu..produces a text entry box
06[08:54] * nemo slaps strider around a bit with a large lead pipe
[08:55] {Threei} he doesn't have it unless he installed that custom-made script nemo
[08:55] {Threei} remember, one that KS wrote
[08:55] {ese} good morning
[08:55] {nemo} oh yeah...magoo went nuts on me until I got that script installed
[08:55] {nemo} dude
[08:55] {Threei} ese :)
[08:56] {Threei} magoo? went nuts?
[08:56] {Threei} wasn't very long trip, was it
[08:56] {nemo} figure of speech..already there...I know
[08:56] {_Les__} How can I smack Nemo around the head before he gets me... you know, a preemptive strike?
[08:57] {Threei} those are illegal now, les
06[08:57] * nemo slaps _Les__ around a bit with a large round of Swiss Cheese
[08:57] {ese} dude
[08:57] {ese} vad
[08:57] {Threei} now you have all the rights
[08:58] {nemo} any thoughts on the open Vad?
[08:58] {_Les__} no dice paying Bear with online banking. Gonna have to visit a bank branch for first time in 7 years. Go figure.
[08:58] {nemo} Yeah...that was no fun
[08:58] {strider} AIG gapped up a buck
[08:59] {nemo} all "financials" gapped big
[08:59] {Threei} thoughts? you are glattering me
[08:59] {nemo} amzn upp a couple
[08:59] {nemo} "glattering"???
[08:59] {strider} Stop glattering 3i, nemo.
[09:03] {strider} MOT forming range
[09:03] {Threei} FSLR too... just 2 bucks range
[09:03] {strider} np
[09:09] {Threei} BLTXX Baltic Dry Bulk Index up 0.9% for first gain in 3 days
[09:09] {fernp} good morning everybody
[09:09] {Threei} fern :)
[09:10] {ese} vad where do you find that info re the baltic dry index
[09:11] {Threei} my news supply
[09:11] {ese} i have the same news supply i think the news
[09:11] {Threei} look under Headlines
[09:12] {Threei} 9:08 item
[09:12] {ese} tks
[09:12] {Threei} see it?
[09:12] {nemo} huh? V at a 52 week high?
[09:12] {nemo} sheesh
[09:12] {ese} ya....just missed it
[09:14] {nemo} Mmhhhh...Fed ending treasury purchase they going to hold down interest rates now?
[09:17] {nemo} akam up over $2
[09:20] {ese} that makes sense......daily chart looks good
[09:22] {lasertrev} gm
[09:22] {fernp} trev :)
[09:22] {ese} LLLLLTTTTTTT!!!!!!
[09:23] {Threei} trev :)
[09:25] {dino} gm
[09:25] {Threei} dino :)
[09:25] {Threei} so... my bounce materialized, only in the most useless manner - via overnight gap
[09:26] {fernp} when clocks are moved back one hour in USA? This weekend or the next one
[09:26] {_Les__} LT, Dino. who's putting drugs in drinking water? Everyone is smiley face @ 9am. not normal that.
[09:26] {_Les__} 1 Nov
[09:26] {strider} this weekend I think
[09:26] {fernp} ty
[09:26] {nemo} Saturday night
[09:26] {_Les__} US markets open too early right now. Europe has already switched over.
[09:27] {fernp} yeah :) my lunchtime now
[09:27] {nemo} yeah...another brilliant idea by Congress
[09:27] {KSystems} otcer!
[09:27] {KSystems} welcome!
[09:27] {dino} dk les
[09:27] {ese} wanted drys to tank a litle more......
[09:27] {_otcer_} thanks
[09:27] {ese} OOOOOTTTTTTT!!!!!
[09:28] {ese} hows that for a welcome
[09:28] {_otcer_} wow
[09:28] {_otcer_} how did you know
[09:28] {ese} your welcome......
[09:28] {Threei} drinking started early I see
[09:28] {strider} X in 20 cent range
[09:29] {Threei} JNPR
[09:29] {Threei} look daily
[09:29] {Threei} very bounce-ready
[09:29] {dino} fslr gap around 122 fwiw
[09:29] {Threei} let's see if we get an opening range
[09:29] {Threei} HIG, want pullback
[09:31] {_Les__} Who kicked FSLR to the kerb?
[09:32] {_otcer_} ese, please look PM
[09:32] {strider} jnpr bad spread
[09:32] {strider} now better :)
[09:32] {Threei} Long Setup: JNPR .20 break if stays above .10
[09:33] {nemo} big order .15
[09:35] {ese} what the heck......i am not getting the fills that i want to get.....had an order in for jnpr.....but it would not fill me.....F^&%$
[09:35] {Threei} over 1:1
[09:35] {Threei} you know my answer ese...
[09:35] {ese} yes
[09:36] {Threei} 1:2
[09:36] {Threei} out
[09:36] {fernp} ty vad
[09:36] {Threei} welcome sir
[09:36] {ese} great call vad
[09:36] {fernp} sir? im fern :)
[09:36] {strider} out +.10 +20
[09:36] {nemo} ty
[09:36] {Threei} welcome sirs
[09:36] {Threei} see fern? :)
[09:37] {fernp} yes yes
[09:37] {fernp} everyone is sir
[09:37] {Threei} except those who are ma'am
[09:37] {dino} trv hl l .00
[09:38] {strider} hl?
[09:38] {Threei} half lot
[09:38] {strider} tx
[09:40] {dino} fslr hit gap area 122s
[09:41] {dino} ash sm l .75
[09:42] {Threei} US) Obama Ecoomic Advisor Romer: Encouraging GDP data, but economy still losing jobs
[09:42] {Threei} - Much more work to do in economy to restore job market growth
[09:43] {_Les__} Vad, you were out, then went back in? Why "out" and then "half lot"?
[09:43] {_Les__} jnpr of course
[09:43] {Threei} ??
[09:43] {Threei} I was out at .40
[09:44] {Threei} half lot remark was answer to strider's question
[09:44] {_Les__} ok
[09:44] {Threei} [09:37] {dino} trv hl l .00
[09:44] {Threei} [09:38] {strider} hl?
[09:44] {Threei} [09:38] {Threei} half lot
[09:44] {nemo} regarding Dino's buy
[09:44] {nemo} damn...kickin' myself in the pittuti
[09:44] {dino} you guys are confusing today
[09:44] {nemo} AIG DT, so obvious
[09:46] {strider} HMIN?
[09:46] {dino} ash ash stopped -.33
[09:47] {Threei} FITB
[09:47] {Threei} watching for bounce
[09:47] {nemo} here?
[09:47] {dino} brb
[09:48] {Threei} Long Setup: FITB .10 break if holding above .05
[09:49] {cosmo} AKAM 22.73 hod far
[09:53] {Threei} HIG on watch
[09:54] {Threei} one more dive before I get interested in bounce
[09:55] {_Les__} Vad - .10 break - u mean 10 cent scalp? or 10 cents both ways i.e., sell trigger/stop?
[09:56] {Threei} 9.10 break is an entry trigger
[09:56] {_Les__} ok
[09:57] {nemo} les, no colors on your print please stay with black
[09:57] {dino} lhcg
[09:58] {Threei} missed HIG
[09:59] {Threei} had this idea of .20 being bottom for it but needed some structure to the setup, and never got it
[09:59] {Threei} FITB over 1:2
[09:59] {Threei} 1"1
[09:59] {fernp} out FITB ty
[09:59] {Threei} scalpers get out
[09:59] {Threei} daytraders sell half
[09:59] {Threei} and try for .24-.25 for second half
[09:59] {Threei} stop to .09
[10:00] {ese} l drys .25
[10:00] {Threei} ese... tell me you got it... your stock, your type of play
[10:00] {gnslng} that helped me, cause i got in late thank you
[10:00] {Threei} 25K little buggers and your day is done
[10:00] {Threei} welcome gnsl
[10:01] {dino} sm l lhcg .88
[10:01] {dino} gappy\
[10:01] {Threei} Les
[10:01] {Threei} [09:48] {Threei} Long Setup: FITB .10 break if holding above .05
[10:01] {Threei} meaning:
[10:01] {Threei} enter long when FITB breaks 9.10,
[10:02] {Threei} do so only if it doesn't drop under 9.05 before triggering,
[10:02] {Threei} srtop is under 9.05,
[10:02] {ese} yup
[10:02] {Threei} 1:1 will be reached at 9.16-9.17
[10:02] {dino} stop lhcg is break of lod
[10:02] {Threei} that's our standard setup structure derived from the call
[10:03] {nemo} srtop=stop
[10:03] {ese} was waiting for bottom of some kind today ...or as the case may be double.....this is not a scalp for me vad
[10:04] {Threei} well, trade management is in the eyes of the beholder
[10:04] {Threei} I just provide guidelines for the structure
[10:04] {ese} this whole move in drys my end of month beginning of month type of thing.....will probably be out next week sometime and then have to go through the whole process again
[10:05] {Threei} but I was talking about FITB, not DRYS :)
[10:05] {Threei} there you go
[10:05] {Threei} second target is reached
[10:05] {Threei} I am out in full
[10:05] {ese} ahhhhhh.....sorry not watching fitb this morning
[10:05] {Threei} oh come on... I got you 15 cents on your favorite stock
[10:06] {Threei} and you don't even watch
[10:06] {Threei} I am so deeply hurt
[10:06] {_Les__} ty Vad
[10:06] {Threei} welcome
[10:06] {nemo} crocodile ters
[10:06] {nemo} tears
[10:06] {_Les__} not even a little red Nemo?
[10:06] {nemo} no
[10:06] {Threei} Les don't
[10:06] {Threei} color is there for a reason
[10:06] {nemo} red is for short calls
[10:06] {ese} i know i know.......(head hanging low........disgusted with self.....mentor is help and have ignored him)
[10:07] {Threei} green for long setups, red for short
[10:07] {Threei} visual recognition
[10:07] {_Les__} well I'm glad I got in your faces - I learn quicker like that
[10:07] {strider} out FITB in full, thanks Vad
[10:07] {Threei} strider :)
[10:08] {ese} and don't for sake the mentor
[10:08] {fernp} JBLU two days breakout?
[10:09] {Threei} don't know fern... tough one
[10:16] {fernp} LUV interesting
[10:18] {Threei} things suddenly stalled
[10:18] {nemo} we saw alot of these...overnight gap...spike up...coma
[10:19] {ese} L hban..88
[10:19] {strider} hgsi?
[10:19] {Threei} HGSI worth a try
[10:19] {Threei} .41
[10:19] {Threei} stop under .30
[10:21] {magoo} hey
[10:21] {nemo} in the woods this morning?
[10:22] {Threei} sheesh mags
[10:22] {Threei} note from parents
[10:22] {nemo} aig forming upward wedge
[10:22] {magoo} big race weekend, was working on motorcycles early..gonna leave here early too
[10:23] {Threei} missed couple nice ones
[10:23] {magoo} will be out friday, at track fri/sat/sunday
[10:23] {Threei} and third in progress
[10:23] {magoo} which
[10:23] {Threei} too close to 1;1, not fore entry
[10:23] {nemo} what's the 3rd?
[10:23] {Threei} not telling you so you don't chase
[10:24] {fernp} HGSI nemo
[10:24] {ese} out hban .92 +.04
[10:24] {nemo} oh
[10:24] {Threei} market sharp drop
[10:25] {Threei} let's trail HGSI to .35
[10:26] {fernp} out HGSI +.09, thanks strider, vad
[10:26] {strider} me too, +09
[10:27] {strider} small c&h URBN
[10:27] {Threei} back to JBLU, fern, little comment:
[10:27] {fernp} tell me
[10:27] {Threei} this thing is playable when for this or that reason it has momentum
[10:28] {Threei} news... or sector strength
[10:28] {Threei} otherwise it's so slow that two things happen
[10:28] {Threei} one, it tortures you using all ancient chinese recipes
[10:28] {fernp} lol
[10:28] {Threei} another, it moves with no structure
[10:28] {nemo} fcx strong on market drop
[10:29] {Threei} seemingly forms something,
[10:29] {Threei} then makes sudden move to out of setup bounds prices,
[10:29] {Threei} shakes you out,
[10:29] {Threei} then returns withing the range just as suddenlt
[10:29] {fernp} ok. I see. TY
[10:29] {Threei} wow, mibbit outage?
[10:30] {fernp} hello???
[10:30] {Threei} you are on mirc... you OK
[10:30] {KSystems} its pinky and the brain
[10:30] {fernp} mirc works fine
[10:30] {Threei} mibbit users got kicked out
[10:30] {KSystems} they took over the world
[10:31] {KSystems} i cant even get to their blog
[10:31] {KSystems} caught their whole network probably
[10:32] {KSystems} lets wait and see what happens when their routers come to life
[10:33] {KSystems} no, their website is working fine
[10:34] {Threei} HGSI over 1:1
[10:35] {Threei} 1:2
[10:36] {fernp} 1:3 great call
[10:36] {Threei} 1:3 but I am no longer there
[10:36] {Threei} great find strider
[10:37] {strider} HGSI: premature evacuation. :(
[10:37] {fernp} here too
[10:37] {Threei} lol
[10:37] {Threei} Market Internals update at 10:30amET
[10:37] {Threei} - NYSE volume 305M shares, about 8% above its three-month average; advancers lead decliners by 5.6:1.
[10:37] {Threei} - NASDAQ volume 560M shares, about even to its three-month average; advancers lead decliners by 3.2:1.
[10:37] {Threei} - VIX index -6.5% to just over 26.00
[10:38] {Threei} 1:4
[10:38] {strider} STOP IT!
[10:38] {Threei} why... it calls sharing joy
[10:38] {nemo} schadenfreude
[10:38] {strider} yeah, what he said.
[10:39] {Threei} I amnot studying 5th laguage
[10:39] {nemo} very little adult supervision around here
[10:47] {strider} RIMM c&h, 40 cent range though
[10:48] {nemo} and larger upward wedge
[10:48] {strider} thar she blows
[10:49] {nemo} stop would have been about .60
[10:50] {strider} failure to thrive syndrome
[10:50] {nemo} fcx, tck, resource stocks holding upward trend line all morning
[10:52] {strider} RIMM
[10:54] {fernp} mibbit is still down. is offline
[10:58] {Threei} BCRX Hearing strength being attributed to upcoming interview on CNBC
[10:58] {Threei} - Mike Huckman is scheduled to interview the CEO at 1:20pmET today. (9.60, +0.42, 4.58%) (related NVAX )
[11:02] {Threei} HGSI over 1:6
[11:05] {Threei} 1:7... yawn
[11:13] {Threei} (US) Pres Obama: Still a long way to go before economy restored, despite positive GDP data
[11:13] {Threei} - Key benchmark for economic strength is job creation
[11:13] {Threei} **Reminder: earlier this morning Obama Economic Advisor Romer said there was encouraging Q3 GDP data, but economy still losing jobs
[11:20] {Threei} Long Setup: CAT .30 break half lot
[11:20] {fernp} in
[11:20] {Threei} stop under .15
[11:23] {Threei} 1:1
[11:24] {fernp} ty Vad. You are inspired today
[11:24] {Threei} :)
[11:26] {Threei} US Treasury Geithner: Will discuss possible options for GSEs FNM and FRE next year (related FNM FRE )
[11:26] {Threei} yeah, what's his hurry
[11:39] {Threei} total paralysis in the market
[11:40] {Threei} even AIG is not moving
[11:41] {Threei} chart wise, .60 break is long trigger
[11:42] {fernp} HIG breaking too
[11:42] {Threei} not sure it's worth the risk
[11:42] {Threei} AIG I mean
[11:43] {Threei} lately it ignores patterns
[11:43] {fernp} lunchtime and paralysis... ad combination
[11:44] {fernp} ad=bad
[11:44] {Threei} yeah
[11:44] {nemo} hangover rally...wake up...look to your left...oh oh...what did I do
[11:45] {fernp} HIG is holding better
[11:47] {fernp} small shares. trying HIG .86 w/stop under .75
[11:48] {nemo} scalp it fern
[11:49] {Threei} ECB source notes ECB against a $1.50 exchange rate over medium term; will urge China to allow Yuan appreciation - unconfirmed report
[11:49] {Threei} - ECB concerned about a rapidly appreciating Euro; concerned about an FX intervention without Chinese and US support
[11:49] {Threei} - Reminder: EU's Verhuegen today commented that China has a competitive advantage due to FX and the G20 should discuss 'artificially' low currencies
[11:50] {nemo} kinda' funny, China can blame it on the US
[11:53] {Threei} guess
[11:53] {Threei} who
[11:53] {Threei} is
[11:53] {nemo} Jeff Rosenbloom
[11:54] {Threei} wow... nemo changes orientation
[11:54] {nemo} "but there's nothing wrong with that"
[11:54] {nemo} FCX symmetrical triangle
[11:54] {Threei} of course not
[11:55] {Threei} but I prefer to know
[11:55] {Threei} just in case
[11:55] {nemo} broke up last time
[11:55] {nemo} down this time
[11:55] {Threei} next time you return from the bar with a few glasses of vodka
[11:55] {nemo} not my type Vad
[11:56] {Threei} that's a relief
[11:56] {Threei} KS, no word from mibbit still?
[11:57] {nemo} Geri Atric
[11:58] {fernp} there is a free irc client (very similar to mirc) called "ClicksAndWhistles"
[11:58] {fernp} I am using it now and works fine. It is almost identical to mirc but is free
[11:58] {fernp} the link to download it
[11:58] {nemo} yeah, but can you trout with it?
[11:59] {Threei} does it require same configuration as mIRC?
[11:59] {fernp} the same one
[11:59] {KSystems} some of it is already working again
06[11:59] * fernp slaps nemo around a bit with a large trout
[11:59] {Threei} well, that's the problem
[11:59] {fernp} too complex?
[11:59] {Threei} we are trying to provide mibbit as immediate painless way to connect
[12:00] {Threei} trialer signing up for a week, no point in going throgh complicated mirc configuration
[12:01] {KSystems} ok it seems to be up again
[12:01] {KSystems} if people start connecting now :)
[12:01] {Threei} Sorry for the downtime
[12:01] {Threei} October 27th, 2009
[12:01] {Threei} Unfortunately our webhost had some issues tonight and had to power cycle each server.
[12:01] {Threei} It looks like everything is working fine now, but apologies for any downtime.
[12:01] {Threei} from their blog
[12:01] {KSystems} oct 27th
[12:01] {Threei} but we didn't have any
[12:02] {Threei} so, was it prophetic p;ost on their part?
[12:02] {KSystems} he says "tonight" so it probably wasnt during market hours
[12:02] {Threei} oh
[12:02] {Threei} still broken
[12:02] {Threei} I just tried to click from our page
[12:03] {Threei} does it work for you KS??
[12:03] {KSystems} and blog are already up again, and as they were down too even a few minutes ago, i think they are getting their stuff running again
[12:08] {KSystems} can someone kick the snp future one tick higher please
[12:08] {KSystems} this is getting on my nerves
[12:09] {Threei} sure... why didn't you ask earlier
[12:09] {fernp} out HIG .99 I forgot about it
[12:09] {Threei} there you go
[12:09] {Threei} lol fern
[12:10] {Threei} that's what I call stress-free trading
[12:10] {fernp} im busy with this new program...
[12:10] {KSystems} thanks to whoever it was
[12:10] {fernp} lol
[12:10] {KSystems} which program, fern?
[12:10] {Threei} what do you mean whoever it was?
[12:10] {nemo} kicked the futures
[12:10] {KSystems} oh sorry, it was you
[12:10] {KSystems} of course, thanks
[12:10] {Threei} sigh
[12:10] {fernp} clockandwhistles
[12:10] {fernp} clicks...
[12:11] {KSystems} oic
[12:11] {Threei} what's the point fern?
[12:12] {fernp} create a scrip where users just have to write nick and passwd
[12:12] {nemo} Trouting is much more important
[12:12] {Threei} if it's possible with that one, must be possible with mirc as well?
[12:13] {fernp} yes
[12:13] {KSystems} yes it is
[12:13] {Threei} maybe we'd better have it unified then
[12:13] {KSystems} problem is, integrating that script into mirc is equally difficult
[12:13] {KSystems} and having it ship with mirc like the previous one for chatspace is against the license agreement
[12:14] {fernp} that's the point
[12:14] {Threei} oh I see
[12:14] {Threei} makes sense
[12:14] {KSystems} but look vad you can put a cool background image to chlicksandwhistles
[12:14] {KSystems}
[12:14] {KSystems} oh wait
[12:14] {KSystems} hey you can do that with mirc too
[12:14] {Threei} I am just not very confident in free product that may be left with no support
[12:14] {KSystems} if i just had knows this earlier!!
[12:15] {Threei} after all, how often we see such outages in mibbit?
[12:15] {Threei} it's probably second time in a year
[12:15] {nemo} yeah...but if it's at a functional stage that is useable..functionality requirements for this application will always be relatively minimal
[12:17] {fernp} but clicks... is GPL we can not sell it, but we can inform about our modificactions in a txt and be safe...
[12:19] {Threei} I had doubts about HIG 25 break
[12:19] {Threei} too bad
[12:19] {nemo} just broke resistance at 15 next resistance 25.50
[12:19] {Threei} Market Internals update at 12:00pmET
[12:19] {Threei} - NYSE volume 545M shares, about 12% above its three-month average; advancers lead decliners by 5.7:1.
[12:19] {Threei} - NASDAQ volume 1.02B shares, about 1% above its three-month average; advancers lead decliners by 3.3:1.
[12:19] {Threei} - VIX index -8.5% to just over 25.50
[12:19] {KSystems} yes you'd be able to ship clicks for free with pre-configuration for RT
[12:20] {KSystems} doesnt matter if the service it connects to is commercial
[12:27] {gnslng} .
[12:28] {Threei} mibbit is back gnsl?
[12:28] {gnslng} ty
[12:30] {KSystems} nope
[12:30] {KSystems} this volatility is incredible
[12:31] {nemo} K? where were you last winter?
[12:31] {Threei} lol
[12:31] {Threei} no kidding
[12:31] {nemo} what was the Vix today Vad?
[12:31] {Threei} this is immobile market vs what we had back then
[12:32] {Threei} - VIX index -8.5% to just over 25.50
[12:33] {Threei} (US) White House Economic Advisor Summers: Today's GDP data shows the US is turning the corner (related EUR/USD )
[12:33] {Threei} yeah?
[12:33] {Threei} to me, it shows that cash for clunkers and the like injected some temporary life
[12:33] {nemo} Vix around 25 today
[12:33] {nemo} was 80 last winter
[12:34] {Threei} let's see what happens when those programs end
[12:34] {Threei} and if GDP increases then I'll believe that economy is on a mend
[12:49] {Threei} Preview: Treasury's $31B 7-year note auction results due out just after 1pmET
[12:49] {Threei} - $31B is is a $2B increase from the Sep auction
[12:49] {Threei} - prior bid-to-cover was 2.79 pushing the average of the last 8 auctions to 2.51
[12:59] {Threei} F Ohio UAW workers have voted against concessions; vote 75% against (7.33, +0.37, 5.32%)
[12:59] {Threei} let's kill this one too
[12:59] {Threei} and nationalize it
[13:00] {nemo} No...they're doing the right thing...
[13:00] {nemo} They know if Ford gets in enough trouble...the government will come in with a bail out and hand a large portion of the company to the UAW
[13:01] {Threei} oh, you mean right thing as in "let's kill this one too and nationalize it"
[13:01] {nemo} right thing for the union
[13:02] {Threei} - indirect bidders take 59.3% of competitive bids
[13:02] {Threei} - 46.8% alotted at the high
[13:09] {Threei} US EIA: Aug crude imports 8.88M bpd; -14% y/y
[13:09] {Threei} - notes lowest Aug month since 1997; lowest for any month since Sept 2008
[13:09] {Threei} US Administation Aide Summers: Bush tax cut expiration may not do much damage to the economy
[13:10] {Threei} huh?
[13:10] {Threei} it's funny
[13:10] {nemo} 3 big tax increases coming, Tax cut expiration, Health Care Plan, CO2 tax...we're going to get crushed
[13:10] {Threei} exporation is coming, they decide to let them expire, an d their evaluation lies betwwen may do much damage or may not do much damage?
[13:11] {nemo} big change on the taxation of dividends
[13:11] {Threei} well, you elected tax and spend guy
[13:12] {Threei} incorporate traders tax, and Cnada will become new USA in aa few years time
[13:12] {nemo} not me dude, but living in The People's Republic of Massachusetts, that's all they do
[13:12] {nemo} Forgot about that one
[13:33] {fernp} ,
[13:36] {Threei} total freeze
[13:44] {nemo} what up with jnpr today?
[13:45] {Threei} no idea
[13:45] {Threei} good thing we spotted it early and bit off our piece
[13:45] {Threei} but to suggest it had such momentum was not possible for me
[13:54] {Threei} mibbit is back up
[14:03] {Threei} (US) Senator Isakson: this will be the last extension of homebuyer tax credit
[14:03] {Threei} - Note: Isakson is a suporter of the homebuyer credit
[14:03] {Threei} **Reminder: On 10/27 Senate leaders were reportedly close to an agreement to extend the $8K first time homebuyers tax credit past the current expiration of Nov 30
[14:09] {Threei} Market Internals update at 2:00pmET
[14:09] {Threei} - NYSE volume 790M shares, about 15% above its three-month average; advancers lead decliners by 6.6:1.
[14:09] {Threei} - NASDAQ volume 1.48B shares, about 2% above its three-month average; advancers lead decliners by 3.1:1.
[14:09] {Threei} - VIX index -10% to just over 25.00
[14:14] {fernp} yes, mibbit is working, but our friends decided take the day off :)
[14:15] {Threei} smart ones at least
[14:15] {Threei} me, I am stuck here
[14:15] {Threei} rain outside anyway
[14:16] {Threei} and tomorrow town will be paralyzed by Olympic torch relay
[14:17] {Threei} HIG continues
[14:17] {fernp} stay home tomorrow. will be safer
[14:17] {Threei} yeah
[14:17] {Threei} if no rain, will go to the nearest point of relay, just 5 min drive from me
[14:19] {Threei} after all, how many times in life one meets Olympic torch
[14:19] {fernp} true
[14:20] {Threei} they'll drag it thgough all of Canada,
[14:20] {Threei} but we are starting point
[14:20] {fernp} take pics and upload them to the blog
[14:21] {fernp} pls
[14:21] {Threei} sure... if no rain :)
[14:21] {Threei} main event will be downtown, with light show etc,
[14:21] {Threei} but there is no way I go there
[14:22] {Threei} crowds will be unbeearable
[14:22] {fernp} yeah!!
[14:22] {Threei} Quiet beach park 5 min drive from me is another matter, that I may try :)
[14:23] {Threei}
[14:23] {magoo} its time too start looking for moves vad
[14:24] {Threei} not sure mags
[14:24] {Threei} market is still frozen
[14:24] {Threei} just asking for stops, IMO
[14:25] {magoo} soon
[14:25] {Threei} look at the timing of all our calls today
[14:25] {magoo} cant
[14:25] {Threei} 3 of them were over during that morning move
[14:25] {Threei} 4th one was later but rather an exception
[14:25] {Threei} CAT was moving on its own
[14:28] {Threei} (US) Senator Snowe: will not be the 60th vote to break filibuster on healthcare plan - CNBC
[14:29] {Threei} let's see if AET reacts on this
[14:29] {nemo} that's big
[14:29] {Threei} well... Lieberman's announcement was jujst as significant, no?
[14:30] {Threei} and AET didn't really react
[14:30] {nemo} forgot...amzn ballistic
[14:30] {nemo} It's time to say...GOODBYE :)
[14:30] {nemo} Off to sell politically incorrect merchandise
[14:30] {Threei} take care nemo'
[14:30] {fernp} bye nemo
[14:30] {nemo} won't be here in the morning
[14:31] {Threei} we will miss you
[14:31] {Threei} hmmm
[14:31] {nemo} good things I have boots on
[14:31] {Threei} then again... maybe not
[14:31] {nemo} DPWFL
[14:31] {Threei} go already :)
[14:31] {fernp} are you going to trade a friday afternoon?
[14:31] {Threei} AET
[14:32] {Threei} not sure whether it's reaction on Olympia or just spike with market
[14:32] {fernp} MET not moving
[14:33] {Threei} MET is rather GIG's brother, not AET's
[14:33] {Threei} HUM is in the same field as AET
[14:33] {Threei} GIG=HIG
[14:33] {fernp} ok
[14:34] {fernp} and AFL?
[14:35] {fernp} is breaking
[14:35] {Threei} not sure about AFL
[14:36] {Threei} I think it's HIG/MET/PRU field
[14:37] {magoo} AONE at it
[14:39] {fernp} too slow everything
[14:40] {Threei} things are in slow motion
[14:40] {Threei} even such traditionally prly ones as AONE
[14:40] {Threei} perky
[14:41] {magoo} fslr trying for high here
[14:42] {fernp} AFL triying to break .90
[14:45] {dino} lhcg out .52, +.64
[14:45] {dino} all day
[14:45] {dino} trv to .65
[14:46] {fernp} gj dino
[14:46] {dino} slow motion
[14:46] {dino} intc puzzles me
[14:46] {Threei} one legged snail moving through mollasses
[14:47] {fernp} AFL hit 1:1 and then sharp drop
[14:48] {dino} yes and all they do is say things are better every day, seems nobody believes them
[14:48] {Threei} remember I talked earlier about how these chaotic moves happen when market is inactive?
[14:48] {Threei} this is exactly what you see fern
[14:49] {Threei} and that's why I fall asleep when market gets locked like this
[14:49] {Threei} even though magoo is getting angry at me
[14:49] {dino} he gets angry w/all
[14:49] {magoo} on FSLR?
[14:52] {dino} esi more blood from the apol news, 88 area should be support, down from 115
[14:52] {fernp} you are right Vad, "chaotic moves" that the the correct expression
[14:53] {fernp} that's
[14:55] {Threei} feels to me about done for the day mags
[14:55] {Threei} I doubt it has more upside
[14:55] {Threei} unless market loses its mind and goes berserk
[14:55] {magoo} 129 a launcher?
[14:55] {Threei} could be, but risk is enormous
[14:55] {Threei} can get smacked down in a blink of eye
[14:57] {magoo} how about AMZN?
[14:58] {Threei} this one has a shot at a nice move IF
[14:58] {Threei} holding above .50, breaks .50, and market helps
[14:59] {Threei} holding above .30, sorry
06[15:03] * Threei envisions magoo sitting with his finger on the trigger, tracking every tick in AMZN with his eys, then clicking buy when .50 is brken
[15:04] {magoo} in
[15:05] {magoo} over 122?
[15:06] {Threei} if market helps, and with some srtuglle around .80 - .90 first
06[15:06] * Threei slaps magoo around a bit with a large position in AMZN reaching 1:1
06[15:06] * Threei slaps magoo around a bit with a large roll of cash
[15:07] {magoo} nice spot (magoo) nice read (vad)
[15:07] {Threei} partial out mags
[15:07] {Threei} don't be a donkey
[15:10] {Threei} (IA) US Senate Banking Panel passes Iran sanctions legislation unanimously
[15:10] {Threei} - Note: the House panel passed the Iran petroleum sanctions bill yesterday
[15:11] {Threei} dino... Cramer strikes again eh? never fails
[15:12] {Threei} lol... latest scandal with South Carolina politician invloves 18 years old stripper and... cemetery
[15:13] {Threei} death, taxes and sex?
[15:14] {fernp} lol, like sex, drugs & rock n roll
[15:14] {cosmo} yea.....bunch'a donkeys
[15:14] {Threei} what's with these guys, why do they all get caught all the time
[15:15] {dino} cramer, yeah, yesterday at 4 pmish he says 9500 coming, get out/stay out. today at 11 am ish, he's saying buy good, aapl, amzn etc. buy high sell low i guess
[15:15] {dino} goog
[15:18] {fernp} have to go. see u tomorrow. good evening everybody
[15:19] {Threei} take care fern
[15:21] {dino} cya
[15:22] {dino} trv to .89
[15:25] {dino} to .98
[15:27] {dino} q? is anybody finding that less trading is working better lately, or is that just me?
[15:27] {Threei} I find I do better skipping mid day
[15:27] {dino} 12-2 has hurt me
[15:27] {Threei} morning and last hour or two work, midday takes away
[15:28] {dino} thx, pretty close to what i'm seeing, my early afternoon trades cost me
[15:29] {Threei} it's normal pattern, it's just more pronounced lately
[15:30] {dino} other thing is, i seem to make more $ when under 7 trades/day
[15:31] {Threei} Market Internals update at 3:30pmET
[15:31] {Threei} - NYSE volume 1.03B shares, about 17% above its three-month average; advancers lead decliners by 8.1:1.
[15:31] {Threei} - NASDAQ volume 1.89B shares, about 2% above its three-month average; advancers lead decliners by 3.1:1.
[15:31] {Threei} - VIX index -11% to just below 25.00
[15:32] {dino} rallies on lighter vol., selloffs higher vol., skittish markets
[15:33] {Threei} yup, just a bounce
[15:33] {Threei} yesterday at 3:30:
[15:33] {Threei} NYSE volume 1.25B shares, about 42% above its three-month average; decliners lead advancers by 10.9:1.
[15:33] {Threei} - NASDAQ volume 2.29B shares, about 21% above its three-month average; decliners lead advancers by 5.1:1.
[15:33] {Threei} - VIX index +9% to just over 27.00
[15:33] {dino} same pattern on all pullbacks tho
[15:33] {dino} out trv .98, +.98
[15:34] {dino} all day, 1st trade
[15:34] {strider} wtg dino.
[15:34] {dino} thx
[15:35] {dino} strider look at hmin today
[15:35] {dino} we were day early
[15:35] {Threei} there you go mags
[15:35] {strider} kawabonga
[15:35] {Threei} 122
[15:36] {magoo} nice
[15:37] {dino} these capits are taking longer to bounce, ie hmin, sohu, vfc, etc. starting to think the bigger $ is a day or two after
[15:37] {Threei} even though market was inactive for the most of the day and mibbit killed half of the room, pretty happy with today
[15:37] {Threei} 5 out of 5
[15:38] {dino} gj 2 of 3
[15:38] {Threei} oh mags and notice
[15:38] {Threei} FSLR never went anywhere
[15:38] {Threei} and would be a trap on 129 break
[15:38] {dino} going down like a rat on cheese
[15:38] {Threei} so, that's actually 6 out of 6, lol
[15:39] {Threei} FSLR lost to AMZN like Commodore to Pentium III
[15:39] {strider} GLD followed the market right up. Should it be doing that?
[15:40] {Threei} sure
[15:40] {Threei} that was the pattern lately when they both acted inveresely of USD
[15:40] {dino} followed tbt imo, bonds down gold up
[15:41] {strider} I'm ready for interest rates to start rising.
[15:41] {magoo} ill give u 6
[15:41] {dino} mfsf drop, v thin
[15:41] {magoo} i shorted it 127.50
[15:42] {Threei} covered yet?
[15:43] {magoo} yup now
[15:43] {Threei} good job
[15:51] {strider} HMIN ready to pop again in the morning?
[15:53] {Threei} or open with gap down?
[15:53] {Threei} how do you guess today?
[15:53] {strider} Yep. On the other hand......there's four fingers and a thumb.
[15:54] {Threei} opposable too
[15:54] {strider} Talk to dino. He's the HMIN expert.
[15:54] {Threei} dino... would you being HMIN expert take it overnight?
[15:54] {dino} dk
[15:55] {Threei} that's the answer of a real trader
[15:55] {dino} no overnight imo
[15:55] {dino} safer to wait and see.
[15:55] {strider} Well, maybe Marisa Tomei.
[15:56] {Threei} well... then you won't need opposable thumb
[15:56] {strider} Bwahahahahahahaha
[15:56] {dino} should get back to 31, but who knows when, thats the issue, you can get direction right, but timing is the problem
[15:57] {dino} watch china makets for open clue
[16:00] {dino} who is john galt
[16:00] {strider} Atlas Shrugged
[16:01] {strider} nobody knows
[16:01] {Threei} lol dino
[16:01] {Threei} you'll know in a few hundred pages
[16:01] {strider} shrug
[16:01] {Threei} than you all
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {dino} :)
[16:02] {strider} Bu-bye